USDCAD Weekly Analysis – April 20, 2014

USDCAD remains in downtrend from 1.1278, the rise from 1.0857 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.1100 and 1.1278, only break above these levels could trigger another rise towards 1.1500.